May 8, 2011

De Beers to sell Namaqualand to Trans Hex for $33.5M

De Beers announced that it will sell the Namaqualand diamond mine in South Africa to Trans Hex for 225 million Rand ($33.5 million). The sale joins a number of low…

May 6, 2011

De Beers announces sale of NM Mines

De Beers Consolidated Mines ("DBCM") today announced that it has entered into an agreement to sell Namaqualand Mines to Trans Hex in a transaction valued at R225 million. The agreement…

May 6, 2011

Mountain Province Diamonds announces results of independent valuation of Gahcho Kué Diamonds

Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX: MPV, NY-AMEX: MDM) today announced the results of an updated independent valuation of the diamonds recovered from the Gahcho Kué Project.…

May 5, 2011

Vaaldiam Investment Flemish Gold Corp. raises $10 million for gold exploration in Africa

Vaaldiam Mining Inc. (TSX:VAA) is pleased to report that Flemish Gold Corp. has closed a private placement of $10 million through BMO Capital Markets on May 3, 2011. Vaaldiam owns…

May 5, 2011

Buffett behind Borsheim’s counter, says diamond ring ‘a good investment’

Warren Buffett stood behind the counter of a Borsheim’s jewelry store in Omaha this weekend. The chairman and CEO of Berkshire Hathaway […]

May 5, 2011

Harry Levy appointed president of London Diamond Bourse

The London Diamond Bourse (LDB) has announced the appointment of Harry Levy as LDB president, replacing Freddy Hager who passed away in […]

May 5, 2011

IDEX Online Research: Polished Prices Rise 1.9% in April, Index Breaks Record

Polished diamond prices rose by about 1.6% during the month of April, according to the IDEX Online Polished Diamond Index. The average […]

May 5, 2011

Shear commences drilling at Jericho diamond project in Nunavut and intersects additional kimberlite

Shear Diamonds Ltd. (TSX VENTURE:SRM) today announced the commencement of its spring drilling program at its 100% owned Jericho Diamond Project, Nunavut. The first drill hole within the Jericho open…

May 5, 2011

Talmora Diamond announces equity financing to raise up to $1,250,000

Talmora Diamond Inc. (CNSX:TAI) is pleased to announce that it proposes to complete a part brokered and part non-brokered private placement of up to 25,000,000 Units, comprised of at least…

May 5, 2011

Rio Tinto to weather storm of fragile global economy

Rio Tinto , the world's third-largest miner, expects global markets to remain fragile in the near term and sees itself in a strong position to weather any turbulence, its chairman…